Revenues down 11 per cent at White & Case

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  • Who cares?

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  • Amazing that having presided over a small and unremarkable employment department that struggled to retain associates, Brettle (pictured above) was made head of the London Office. Now he seems intent on making the entie London Office small and unremakable. This latest round of departures will surely leave him particularly red-faced.

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  • ;)

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  • Impressive profitability... or is it? To keep PEP flat with a 11% decline in revenues, you need both an 11% cut in costs and an 11% cut in the number of equity partners. This means fewer equity partners and salaried partners getting paid considerably less. Or, to put it another way, a small group of (generally more senior) partners that are paid very well and have had no reduction in compensation, while the rank and file took a significant compensation hit. Money and politics are usually the reason behind significant departures.

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